Home Loan Facts That You Must Know

So this makes the HDB (Housing Development Board) concessionary loan the few housing loans which rates can be fixed for long periods because it is pegged to the rate of of the CPF Ordinary Account. From time to time, some banks may also introduce packages with interest rates bench-marked against the rate of the CPF Ordinary Account, making interest rates on such mortgages stable. You can read more about the pros and cons of HDB loans in “Explaining the Advantages of HDB Loans versus Bank Loans ” and “A Quick Look at the Drawbacks of HDB Loans